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Amy Domini

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Amy Domini
Born (1950-01-25) January 25, 1950 (age 74)
New York City, US
Occupation(s)Investor, author
Known forSocial investing

Amy Lee Domini (born January 25, 1950) is an American investment adviser and author known for her work in social investing.

Early life and education

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Amy Lee Domini was born on January 25, 1950, in New York City, to Margot Cabot (Colt), a teacher, and Enzo Vice Domini, who owned a food-processing business.[1][2] Domini's great-grandfather Joseph Lee was the author of Constructive and Preventive Philanthropy (Macmillan, 1902).[2][3] Domini grew up in Newtown, Connecticut, and received a BA from Boston University in 1973.[1]

Career

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After college, Domini began work as a copy-clerk for brokerage firm Tucker Anthony, and rose through the ranks quickly to become a retail broker.[2] [4] Domini began working in socially responsible investing in 1980.[2] Domini is the founder and chief executive officer of Domini Impact Investments and one of the founders of KLD Research & Analytics, a research firm.[1] In 1990 with partners Peter Kinder and Steve Lyndenberg, she created the Domini 400 Social Index, a stock market index selected according to social and environmental standards.[5] In 1991 she founded the Domini Social Impact Equity Fund, an index fund based on the Domini 400 Social Index.[4] The fund held $1.3 billion in assets as of 2001 and over its first ten years rose 15.08 percent compared with 15.25 percent growth for the S&P 500 in the same period.[6] Only 25 percent of all funds performed on par with the S&P in that period and the success of Domini's fund helped establish socially responsible investing as compatible with strong financial returns, where previously the field was seen as low-performing in this respect.[2]

In 2005, Time named Domini to its list of the world's most influential people.[5]

Domini is the author of books including Socially Responsible Investing: Making a Difference and Making Money[7] and The Challenges of Wealth.[8] She is the coauthor of Investing for Good,[9] The Social Investment Almanac,[10] and Ethical Investing.[11]

Domini served on the boards of the Church Pension Fund of the Episcopal Church;[12] the National Association of Community Development Loan Funds,[13] an organization whose members work to create funds for grassroots economic development loans;[14] and the Interfaith Center on Corporate Responsibility.[13]

Personal life

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Domini was married to Peter Kinder from 1980 to 1997; she later remarried.[15] Domini has two sons.[2]

Notes

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  1. ^ a b c Ramm, David (2005). "Domini, Amy". In Thompson, Clifford (ed.). Current Biography Yearbook. H. W. Wilson Company. pp. 123–127. ISBN 0-8242-1056-5. ISSN 0084-9499. OCLC 64391316.
  2. ^ a b c d e f Hill, Miriam (May 28, 2000). "A career invested in conscience". The Philadelphia Inquirer. pp. E1, E11. Archived from the original on July 28, 2022. Retrieved July 28, 2022.
  3. ^ "Joseph Lee Papers". Massachusetts Historical Society. Archived from the original on May 27, 2022. Retrieved July 28, 2022.
  4. ^ a b "Conscience Is Her Guide". The Los Angeles Times. February 25, 1997. pp. D4. Archived from the original on July 28, 2022. Retrieved July 28, 2022.
  5. ^ a b Kadlec, Daniel (April 18, 2005). "Amy Domini". Time. ISSN 0040-781X. Archived from the original on April 26, 2022. Retrieved July 26, 2022.
  6. ^ Boroson, Warren (July 2, 2001). "Amy Domini's fund practices ethical investing". The Newark Advocate. p. 21. Archived from the original on July 27, 2022. Retrieved July 27, 2022.
  7. ^ Ezell, Hank (February 25, 2001). "Funds emphasizing social responsibility gain in popularity". The Atlanta Journal-Constitution. Archived from the original on July 26, 2022. Retrieved July 26, 2022 – via newspapers.com.
  8. ^ Card, Emily; Miller, Adam (1996). Business Capital for Women: An Essential Handbook for Entrepreneurs. Macmillan Inc. p. 237. ISBN 0-02-860854-2. OCLC 34731733.
  9. ^ "Investing for Good". Publishers Weekly. Archived from the original on July 26, 2022. Retrieved July 26, 2022.
  10. ^ Caplan 2013, p. 174.
  11. ^ Max, Sarah (January 7, 2022). "Sustainable Investing's Boom Is Here to Stay. What's In Store, According to an ESG Pioneer". Barron's. Archived from the original on March 2, 2022. Retrieved July 26, 2022.
  12. ^ "A Blessing and a Responsibility" (PDF). Church Pension Group. 2007. Archived from the original (PDF) on July 25, 2011.
  13. ^ a b Caplan 2013, p. 177.
  14. ^ Gunn, Christopher; Gunn, Hazel (August 6, 2018). Reclaiming Capital: Democratic Initiatives and Community Development. Cornell University Press. p. 67. ISBN 978-1-5017-2532-6. Archived from the original on July 29, 2022. Retrieved July 28, 2022.
  15. ^ "Amy Domini: In good conscience". www.bizjournals.com. May 14, 2007. Archived from the original on October 8, 2012. Retrieved July 28, 2022.

Works cited

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